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Thursday, November 28, 2013

Reduction of Imported Oil and Gas More Powerful to Suppress Deficit

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Reduction of Imported Oil and Gas More Powerful to Suppress Deficit

Deputy Minister of Commerce Krisnamurthi argue more potent reduction of oil imports to reduce the current account deficit rather than consumption goods.

"The trend we are actually the biggest deficit comes from oil and gas . Positive non- oil and gas it is still quite large . So I'd look at the deficit in the field of oil and gas , " said Deputy Minister of Trade after opening Business For The Environment in Sangrilla Hotel Jakarta , Thursday ( 28/11 ) .

According to Bayu , imports of consumer goods Indonesian currently living 6 % of total imports , is very small, so even if it would be sorted out , luxury goods imports alone are limited .

Wamendag estimates of oil and gas deficit in 2013 amounted to approximately 10 billion U.S. dollars .

The amount of oil and gas deficit is thought not because of the weakening of the rupiah against the U.S. dollar .

" In the context of the trade balance , the oil deficit is not the exchange rate factor. , But the consumption of oil and gas production in the country , " he said .

Therefore , Wamendag suggest the need for energy policy .
Energy policy that there should be much more pro domestic products to be able to build our energy security .
'' What can be done now is a diversified energy , because Indonesian crude oil primarily to liquid it has been more limited .
" So we should really change it to gas , coal , water , and wind . So it should be immediately made ​​his policy for the investment made ​​. If not now, when again , I also do not mind if the importation of capital goods are not inhibited to increase the capacity of the domestic " he said

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